02:00 PM EST, 12/20/2024 (MT Newswires) -- Beyond (BYON) said Friday it completed the sale of its corporate headquarters in Midvale, Utah.

The sale, which is part of the company's plan to deliver $65 million in annualized fixed cost reduction, included a lease-back to allow the company to continue occupying a 5,000 square foot data center, Beyond said.

Beyond said it plans to use the proceeds from the sale to fully pay off its associated mortgage obligations and fund operations.

Shares of Beyond were down nearly 3% in recent trading.

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